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Timeshare Industry Goes Green

By Franz
Hanning President and CEO of Wyndham Vacation Club and ARDA ChairmanARDA Guest BloggerAugust 8, 2014

The topic
of environmentally-sustaining practices is often discussed within our industry as
it relates to the lifecycle of vacation ownership products. I firmly believe that our industry is a
leader when it comes to “going green.”
Re-using and recycling to avoid waste and pollution in addition to
adding in-unit energy efficient and water-saving devices, are at the forefront
of new timeshare construction and renovations around the world. Continuing to incorporate and expand upon
these sustainable practices well into the future will be the key to our
success.

We’re also
seeing that social responsibility plays an important role in emerging trends
within the hospitality industry as Deidre Schwartz, Director of Merchandising,
American Hotel Register Company highlights in a recent issue of Developments. “We want to do business with people who share
this same ‘caring’ commitment,” said Schwartz.

As our
industry continues to grow and make investments in greener resort amenities and
technologies—we need to keep the next generation of sustainability top of
mind. And now more than ever, as you
will read in this issue, the best is yet to come. For an in-depth look at eco-friendly
happenings in the industry, check out Developments!

Timeshare Industry Fuels U.S. Economy

Timeshare,
once again, has made a significant impact on the U.S. economy – representing:

$68.7
billion in consumer and business spending

473,000
full- and part-time jobs

$23.6 billion
in salaries and wages

$8.5 billion
in tax revenue

Spending by
timeshare owners and guests during timeshare stays was estimated at $10 billion
in 2013. About $2.1 billion was spent
on-site at resorts, while $7.9 billion was spent off-site in the communities
where the timeshare resorts are located.

This data is
based on the AIF 2013 Economic Impact study conducted for us by Ernst &
Young. For more details, check out our infographic and for a full copy of the Economic Impact Study, please contact me at
darla.zanini@arda.org.